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The cryptocurrency trading platform Binance, announced that it will offer full support for a significant update and Hard Fork event of the Arweave (AR) blockchain. Binance announced that it will temporarily suspend AR token transactions, namely deposit and withdrawal transactions as of 16:00 on March 26, 2024.
With this suspension, it is aimed to facilitate the completion of the upgrade and Hard Fork process, which will take place at the block height of 1,391,330 in the network, smoothly around 17:00 on the same day.
Binance stated that AR token trading will continue on the platform during this period, so users’ transactions will not be interrupted. This step is seen as an indicator of the company’s commitment to providing uninterrupted service to its global users.
In addition, it aims to alleviate possible concerns of investors by managing the technical details of the upgrade process on behalf of users, thus aiming to provide a smooth user experience. Once the network is confirmed to be stable after the update, Binance will reactivate AR token transactions.
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